Indiana § 24-8-1-1 Applicability of article

Indiana Statutes

§ 24-8-1-1 — Applicability of article

Indiana·Art. 8 PROMOTIONAL GIFTS AND CONTESTS·Ch. 1 Applicability

(a)This article applies to a promotion offer made:

(1)by a person in Indiana; or

(2)to a person in Indiana.

(b)This article does not apply to a prize linked savings program that:

(1)is offered or conducted by an eligible financial institution under IC 28-1-23.2;

(2)is:

(A)offered or conducted by a credit union organized or reorganized under United States law; and

(B)conducted in the same manner as a prize linked savings program under IC 28-1-23.2; or

(3)is:

(A)offered or conducted by an insured depository institution (as defined in 12 U.S.C. 1813) that is:

(i)a national bank formed under 12 U.S.C. 21;

(ii)a state member bank (as defined in 12 U.S.C. 1813);

(iii)a state nonmember bank (as defined in 12 U.S.C. 1813); or

(iv)a savings association (as defined in 12 U.S.C. 1813);

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(a) This article applies to a promotion offer
made:
(1) by a person in Indiana; or
(2) to a person in Indiana.
(b) This article does not apply to a prize linked savings program
that:
(1) is offered or conducted by an eligible financial institution
under IC 28-1-23.2;
(2) is:
(A) offered or conducted by a credit union organized or
reorganized under United States law; and
(B) conducted in the same manner as a prize linked savings
program under IC 28-1-23.2; or
(3) is:
(A) offered or conducted by an insured depository institution
(as defined in 12 U.S.C. 1813) that is:
(i) a national bank formed under 12 U.S.C. 21;
(ii) a state member bank (as defined in 12 U.S.C. 1813);
(iii) a state nonmember bank (as defined in 12 U.S.C. 1813);
or
(iv) a savings association (as defined in 12 U.S.C. 1813); and
(B) conducted in the same manner as a prize linked savings
program under IC 28-1-23.2.